ENGINE: East of Suez Bunker Fuel Market Update 1/11/21

East of Suez bunker prices are down from Friday’s levels, as Brent has shed more than $1/bbl.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO price down in Zhoushan ($32/mt), Singapore ($11/mt) and Fujairah ($8/mt) LSMGO prices down in Singapore ($18/mt), Zhoushan and Fujairah ($12/mt) HSFO380 prices down in Zhoushan ($12/mt) …

ENGINE: Europe & Africa Bunker Fuel Market Update 1/11/21

Declining Brent values have pulled European and African bunker prices down from highs made last week, and several Mediterranean locations have seen weather delays.   Changes on the day to 08.00 GMT today: VLSFO prices down in Durban ($28/mt), Gibraltar ($15/mt) and Rotterdam ($5/mt) LSMGO prices down in Gibraltar ($15/mt), Durban ($8/mt) and Rotterdam ($6/mt) …

Morning Tanker FFA Report 1/11/21

News Headlines:   Oil drops on China fuel reserves release; OPEC+ meeting in view (Reuters) Oil prices dropped on Monday as China’s release of gasoline and diesel reserves eased concerns over tight global supply, while investors cashed in ahead of a Nov. 4 meeting of major crude producers that could increase future production targets. Brent …

Morning Oil Report 1/11/21

At 11:01 am Singapore time (0301 GMT), the ICE January Brent futures contract was down 23 cents/b (0.27%) from the previous close at $83.49/b, while the NYMEX December light sweet crude contract fell 41 cents/b (0.49%) at $83.16/b.   Crude oil futures dipped in mid-morning trade in Asia Nov. 1 following weak economic data out …

ENGINE: Europe & Africa Bunker Fuel Market Update 29/10/21

Bunker prices have bounced back with recovering crude values in the past day, and HSFO380 is tight with certain suppliers in the ARA and Canary Islands.   Changes on the day to 08.00 GMT today: VLSFO prices up in Durban ($11/mt), Rotterdam ($10/mt) and Gibraltar ($5/mt) LSMGO prices up in Durban ($7/mt), Rotterdam ($6/mt) and …

ENGINE: East of Suez Bunker Fuel Market Update 29/10/21

Bunker prices have mostly recorded gains on the day, as Brent has rebounded after a three-day decline.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO price up in Fujairah ($10/mt) and Singapore ($4/mt) LSMGO prices up in Zhoushan ($14/mt), Singapore and Fujairah ($4/mt) HSFO380 prices up in Fujairah ($6/mt), and down …

Morning Oil Report 29/10/21

At 10:00 am Singapore time (0200 GMT), the ICE December Brent futures contract was up 21 cents/b (0.25%) from the previous close at $84.53/b, while the NYMEX December light sweet crude contract rose 6 cents/b (0.07%) at $82.87/b.   Oil prices edged up on Friday but were headed for their first weekly losses in at …

Morning Tanker FFA Report 29/10/21

News Headlines:   Oil prices edge higher but set for first weekly drop since August (Reuters) Oil prices edged up on Friday but were headed for their first weekly losses in at least eight weeks after U.S. oil stocks rose more than expected and Iran flagged it was resuming talks with Western powers which could …